Chelsea and Man City BRACED as PSG find millions for 'world star' this summer

PREMIER LEAGUE clubs will be closely protecting their prized assets next summer after it was revealed Paris Saint-Germain will have £50million to spend outside of their Financial Fair Play constraints.

PSG were found guilty of breaking FFP rules last May alongside Premier League champions Manchester City.

Both clubs were ordered by UEFA to pay a £49m fine, had their transfer spending restricted and saw their squad sizes cut in the Champions League.

PSG are not expected to buy any players this January unless they sell first, but reports from French newspaper Le Parisien claim they will have some freedom to spend come June.

The club's Qatari owners are looking to negotiate some freedom from the UEFA sanctions so they can compete for Champions League honours next season.

Granted, Paris won't be allowed to part with the kind of figure Manchester United paid over 2014 - estimated to be just under £200million - but their return to the transfer market will worry Premier League clubs.

PSG aim to sign one "world star" a year in a policy not dissimilar to Real Madrid's 'Galacticos'.

They want Madrid's £50m-rated Karim Benzema and have been linked to Chelsea's Eden Hazard this autumn, while a summer was spent courting Manchester City's Yaya Toure to no avail.